(the price difference between the original contract with the sellers, and your contract with the buyers.)You then get paid at close, to release the seller from selling to you as agreed previously.This helps avoid title seasoning issues with the buyers lender, as they might want to see the seller in the transaction hold title for a year, sometimes less.Also, most lenders will not allow an assignment fee to be paid out of loan procceeds, so the above method avoids that issue as well.A bonus to this is one set of closing costs, instead of two as per the double close

A bonus for being early and/or a percentage of money saved on the project.You really want to give them skin in the game so that they will respond more or less as you would do when on the site.

I would appreciate any developers input but if anyone is from the NYC area that would be a bonus since you are more familiar with NYC real estate and its zoning which can be kind of unique.I have the idea of building live/work loft in the warehouse with the possibility of renting them since the zoning is R6, or artist work lofts if that is not permitted or can not be rezoned (I'm not that familiar with how zoning works or how to get it changed information on that would be appreciated) and rehabbing the townhouses for rent to artist who could then rent the lofts space to work.

That way a tenant for the summer's a bonus instead of a vacancy being a killer.Jon

Figure on needing to gross 1.75%-2.0% per month, in order to make money on rental property.Appreciation is a bonus on top of your net cash flow.

If you want to transfer any money there let me know, there's a $25 signup bonus for you in it, plus a $10 referral bonus for me.

If you get both, it is a bonus.

I recommend, if you haven't already, Add an agent bonus.

I recommend doing an agent bonus.

We were working on a bonus room upstairs and he is downstairs stealing.